The Liverpool "Red Sox" (Credit to CW Rice)

Liverpool sold to Red Sox owners

LONDON—Liverpool was sold to the owners of the Boston Red Sox on Friday after a bitter trans-Atlantic court fight with the previous American owners over the storied English soccer club.

The $476 million deal with New England Sports Ventures ends the turbulent three-year ownership by Tom Hicks and George Gillett Jr.

The sale went through after Hicks and Gillett withdrew the temporary restraining order they had obtained in a Texas court. Later, they also dropped their claim for $1.6 billion in damages. ...

Full story continues here, courtesy of the Boston Globe.